.By Mary Clare Jalonick and Eric Tucker
Sen. Richard Burr, R-N.C., stepped aside as chairman of the Senate Intelligence Committee on Thursday after the FBI served a search warrant for his phone as part of an ongoing insider-trading investigation tied to the coronavirus pandemic.
Senate Majority Leader Mitch McConnell announced the move, saying he and Burr had agreed it was in the Senate's best interests.
FBI officials showed up at Burr's home with the warrant on Wednesday, marking a significant escalation into the Justice Department's investigation into whether Burr broke the law with a well-timed sale of stocks before the coronavirus caused markets to plummet,
The Justice Department declined to comment. His attorney did not respond to phone and email messages, but said last month that the law is clear that any senator can participate in stock market trading based on public information "as Sen. Burr did."
Senate Majority Leader Mitch McConnell has blocked Democrats’ push to immediately bring President Donald Trump’s demand for bigger $2,000 COVID-19 relief checks up for a vote.
As 2020 winds to a close, the industry will head into 2021 propelled by titanic shifts in the perception of cannabis in the U.S. and unprecedented political tailwinds.
The House voted Monday to increase COVID-19 relief checks to $2,000, meeting President Donald Trump’s demand for bigger payments and sending the bill to the GOP-controlled Senate, where the outcome is uncertain.
Southwest Airlines says it's not going to furlough workers in 2021 after all. The airline's CEO says that with Washington's approval of $15 billion in new federal aid to airlines, furloughs or pay cuts aren't needed.
President Donald Trump’s last-minute demand for $2,000 checks for most Americans has thrown the yea-end COVID relief into chaos. House Republicans on Thursday swiftly rejected the demand.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Following 2020's Hanukkah celebration, Cheddar's Jill Wagner looks into the often overlooked issue of antisemitism still plaguing the United States.
Britain and the European Union have struck a provisional free-trade agreement that should avert New Year’s chaos for cross-border commerce and bring a measure of certainty to businesses after years of Brexit turmoil.
President Donald Trump has plunged Washington into chaos once more by mounting another desperate attempt to cling to power while leaving lawmakers scrambling to respond to his threat to detonate Congress’ massive COVID-19 relief and year-end package.
President Donald Trump has vetoed the annual defense policy bill, following through on threats to veto a measure that has broad bipartisan support in Congress and potentially setting up the first override vote of his presidency.
